Prime Document

Material Transfer Note
A material transfer note is a form used to record the transfer of materials from one accounting code to another. It is a prime document that contains essential details including the description of the material, commodity code, job number, accounting codes to be credited and debited, and the value of the material transferred.
Materials Requisition
Materials requisition, also known as stores issue note or stores requisition, is a document used in organizations to authorize the transfer of materials from stores for specified uses.
Materials Returns Note (MRN)
A Materials Returns Note (MRN), also known as a Stores Returns Note (SRN), is a document used to record the return of materials to the store. Similar to a materials requisition, it is considered a prime document used to debit stock and credit expenditure.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.